Bulls Sign Joakim Noah to Extension: 5 Years, $60 Million

Following months of negotiations (not to mention, trade rumors) the Chicago Bulls and Joakim Noah have agreed on a contract extension. Noah will be a Bull for a long time, something he will be well compensated for.

The deal is worth $60 million plus additional bonuses, Dan Fegan, one of Noah’s agents, said. “We’re very happy for Joakim because Chicago was always his first choice,” Fegan said.

The exact amount of the extension is unknown but believed to be in the $60 million range total. Incentives can take the deal higher, and a source said the inclusion of these incentives represented the breakthrough in negotiations. Sources said earlier published reports portraying the negotiations as acrimonious or far apart were overblown.

With Chicago retaining Noah — one of the best young forwards in the League — it helps solidify the fact that they’ll be a force to be reckoned with in the NBA over the next few years.